LOS ANGELES--(BUSINESS WIRE)--Goldberg
Law PC (the “Firm”) announces that a class action lawsuit has been
filed against Chesapeake Energy Corporation (“Chesapeake” or the
“Company”) (NYSE: CHK; CHKDG). Investors who purchased or otherwise
acquired shares between February 27, 2015 and September 28, 2016 (the
“Class Period”) are encouraged to contact the Firm in advance of the December
5, 2016 lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, click
here to participate. In addition, we advise you to contact
Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the
Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss
your rights without cost to you. You can also reach us through the
firm’s website at http://www.Goldberglawpc.com,
or by email at info@goldberglawpc.com.

The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.

The complaint alleges that during the Class Period, Chesapeake issued
false and misleading statements and/or failed to disclose: that it had
improperly accounted for the acquisition and classification of oil and
gas properties and that it lacked effective internal financial controls.
In its filings with the Securities and Exchange Commission, Chesapeake
noted that it “follows the full cost method of accounting under which
all costs associated with oil and natural gas property acquisition,
drilling and completion activities are capitalized.” On September 29,
2016, the Company announced that it received a subpoena from the U.S.
Department of Justice seeking information on Chesapeake’s accounting
methods for the acquisition and classification of oil and gas
properties. When this news was announced, shares of Chesapeake fell in
value, causing investors harm.

Goldberg Law PC represents shareholders around the world and specializes
in securities class actions and shareholder rights litigation.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.